Mothercare has announced today that Richard Smothers has given notice of his resignation as Chief Financial Officer and Executive Director. 

Under the terms of his service agreement, Richard has a notice period of 12 months and will remain with Mothercare until a successor has been identified and an appropriate transition plan put in place, which is expected to be towards the end of the calendar year. 

The Company has commenced a search for a new Chief Financial Officer and will update on progress in due course. 

The Company will release its full year results on 18 May 2017.

Mark Newton-Jones, Chief Executive Officer of Mothercare plc, said: "Richard has played a significant role in the first phase of the turnaround of the Mothercare brand, helping us to build a strong platform for future growth. On a personal note I'd like to thank him for his support and wish him well for the future."

Source: Nursery Today